Episode #13

5 ways to pay less tax on your property investments, with Iain Wallis

Tax can put a serious dent in the profits of any property investor: you get taxed when you buy it, taxed on the money it brings in, then taxed when you sell it or pass it on. Not cool.

That's why I got Iain Wallis, a property investor and chartered accountant, on this week's episode. We explored the five main areas where investors could unwittingly be paying more tax than they need to, and what they should do about it.

In this interview, you'll learn:

The answer to the million dollar question: should you invest in your own name, or as a limited company?

How do you invest as a company without having to use restrictive commercial finance?

Once and for all: what counts as a capital expense as opposed to a revenue expense, and why is it so important?

How to get portions of your legal fees treated as revenue costs, whereas normally they'd all be capital

What you can claim as travel expenses, and an easy way to track your mileage without recording the details of every single journey

Why there's no such thing as a free lunch, but you could get it for 40% by reclaiming your subsistence costs

How to make sure you claim all the reliefs you're entitled to on your borrowing and remortgaging

At what point you should use the services of a specialist property accountant

Episode resources

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